Owner-operators within the offshore sector are confronted with the challenge of implementing capital projects on a larger scale than ever before, while being equipped with limited resources and facing pressures to ensure projects are delivered on schedule, within budget and in accordance with strict specifications.
This is not easy to achieve. According to a survey of 61 energy executives from 21 countries who have responsibility for capital projects of at least US$1bn, only 34% of respondents said they had delivered to within 25% of their approved budget for all projects, and less than a third (32%) said they delivered to the approved schedule.
Learn how smarter asset information management can help you to realise potential Benefit of $52.7m for a Typical $1B CAPEX Project.
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